invest now in · baroda pioneer balance fund an open ended balanced scheme invest now in *...

Baroda Pioneer Balance FundAn Open Ended Balanced Scheme

Invest Now In

* Investors should consult their financial advisers if in doubt about

whether the product is suitable for them.

Capital appreciation along with stability over long term

Investment predominantly in equity and equity related instruments

with balance exposure to money market instruments and debt securities.

This product is suitable for investors who are seeking*

Investors understand that their principalwill be at Moderately High risk

Equity

Debt

Factsheetas on April 2017

28th April, 2017

BARODA PIONEER MUTUAL FUND

Dear Investors,

Warm Greetings!

Equity Markets continued to rally, registering further gains of 1.4% during the month of April. Year to date BSE Sensex is up by 15% and are at all time high levels. FIIs turned net sellers in April after strong buying in March with USD 171mn of net outflows. Mutual Funds were buyers in April with net inflows of USD 1.5bn vs sellers last month. Strong domestic flows and favourable monsoon forecast helped sustain market rally.

Industrial production in February contracted by 1.2% led by manufacturing sector, which reported a decline of 2%. Electricity output increased at a muted pace of 0.3%. Mining output increased by 3.3% but lower than what was seen in January. Consumer output is the biggest drag on industrial output as it declined by 5.6% in February compared with an increase of 0.5% in January. Consumer demand has been weak in H2, possibly due to demonetisation.

Headline inflation increased to 3.8% from 3.7% in February on the back of higher food inflation and pass-through of higher international oil prices into domestic prices. Food prices increased by 2.5% in March compared with 2.4% increase seen in January. The uptick in food prices is led by eggs and vegetables. Core inflation increased to 4.9% led by pass-through of higher international oil prices into domestic retail prices. Notably, domestic retail fuel prices were reduced by 5% at the end of March and thus may lead to a lower core inflation print next month.

The Indian Meteorological Department (IMD) forecasts the southwest monsoon at 96% of Long Period Average (LPA) with a model error of (+/-) 5%. The LPA for 1951-2000 is 89 cm. The first estimate for southwest monsoon in FY 2017 was at 106% of LPA. By end of the season (June-September) monsoon was ~3% below normal. The IMD sees 38% probability of near-normal monsoon in FY 2018. Spatial and temporal distribution of monsoons may be available in the second update in June. Skymet, an independent agency, has forecast monsoon at 95% of LPA with 10% probability of above-normal rainfall, 50% of normal rainfall, 0% of excess rainfall, 25% of below-normal rainfall, 15% of drought.

In the April bi-monthly Monetary policy, RBI kept the repo rate and CRR unchanged. However, it surprised the market by hiking the reverse REPO rate by 25bps to 6% thereby narrowing the policy corridor to 25bps. The RBI stated that it is committed to moving liquidity from the current surplus towards neutral in the next three or four quarters. For now, the RBI will use market stabilisation scheme bonds, longer tenor term reverse repos and open market operations to drain excess liquidity. RBI increased its inflation projection to 4.5% (vs 4-4.5% earlier) in H1 and 5% (vs 4.5-5%) in H2 FY 2018. The GVA growth projection for FY 2018 kept unchanged at 7.4%. The RBI’s structural models project growth to rise to 8.1% in FY 2019 and inflation to reach 4.6% by Q4 FY 2019.

The policy is hawkish as the inflation projection is hiked along with increase in reverse repo rate. The Monetary Policy Committee (MPC) acknowledged that Global as well as domestic growth outlook is improving. RBI is concerned about upside risk to inflation due to implementation of allowances of 7th Pay commission, implementation of GST and higher central and state government deficit along with farm loan waivers. The yield may harden as the policy is hawkish having concern on inflation. The additional system liquidity is likely to reduce in two to three quarters putting pressure on yield curve. The bond market may witness relief rally on lower CPI print and fiscal consolidation measures.

Markets have rallied over the last two months. Broad economic parameters and global liquidity and domestic flows are likely to sustain premium valuations despite the earnings inching up only gradually in near future. Current quarterly result season, further progress and implementation of GST, actual monsoon progress and Fed policy are some of the factors that one needs to closely monitor. We continue to remain constructive on equities.

Happy Investing!

Sanjay Chawla

Chief Investment Officer

Source : Bloomberg, Economic Times

CIO Letter

2

Mr. Sanjay ChawlaChief Investment Officer

28th April, 2017


INDEX

Title

How To Read Factsheet Pg 4

Baroda Pioneer Growth Fund Pg 5

Baroda Pioneer ELSS’ 96 Pg 6

Baroda Pioneer Mid Cap Fund Pg 7

Baroda Pioneer Large Cap Fund Pg 8

Baroda Pioneer Banking and Financial Services Fund Pg 9

Baroda Pioneer Balance Fund Pg 10

Baroda Pioneer Monthly Income Plan (MIP) Fund(Monthly income is not assured and is subject to the availability of distributable surplus)

Pg 11

Baroda Pioneer Credit Opportunities Fund Pg 12

Baroda Pioneer Gilt Fund Pg 13

Baroda Pioneer Income Fund Pg 14

Baroda Pioneer Dynamic Bond Fund Pg 15

Baroda Pioneer Short Term Bond Fund Pg 16

Baroda Pioneer Treasury Advantage Fund Pg 17

Baroda Pioneer Liquid Fund Pg 18

Investment Performance Pg 19

SIP Returns Pg 23

Dividend History Pg 24

3

28th April, 2017


Fund Manager : An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount for Fresh Subscription : This is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional Amount : This is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield to Maturity : The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.

SIP : SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SIP that invests Rs 500 every 15th of the month in an equity fund for a period of three years.

NAV : The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Benchmark : A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec.

Entry Load : A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is Rs. 100 and the entry load is 1%, the investor will enter the fund at Rs. 101.

Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.

Exit Load : Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is Rs 100 and the exit load is 1%, the redemption price would be Rs 99 Per Unit.

Modified Duration : Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

Standard Deviation : Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio : The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

Beta : Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

AUM : AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Holdings : The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of Scheme : The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating Profile : Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

How To Read Factsheet?

4

28th April, 2017


Baroda Pioneer Growth Fund

PORTFOLIO

Name of Instruments Ratings / Industries

% to Net Assets

EQUITY & EQUITY RELATED

Listed / awaiting listing on the stock exchanges

HDFC Bank Ltd. Banks 3.83%

Maruti Suzuki India Ltd. Auto 3.65%

RBL Bank Ltd. Banks 3.34%

HCL Technologies Ltd. Software 3.33%

Axis Bank Ltd. Banks 3.29%

The Federal Bank Ltd. Banks 3.01%

ITC Ltd.Consumer Non Durables

2.99%

State Bank of India Banks 2.81%

Petronet LNG Ltd. Gas 2.74%

Bank of Baroda Banks 2.52%

Sun TV Network Ltd.Media & Entertainment

2.48%

Tata Motors Ltd. Auto 2.41%

GAIL (India) Ltd. Gas 2.37%

Britannia Industries Ltd.Consumer Non Durables

2.34%

Mahindra & Mahindra Ltd. Auto 2.30%

Union Bank of India Banks 2.29%

Indian Oil Corporation Ltd.

Petroleum Products

2.13%

Blue Star Ltd.Consumer Durables

2.11%

Mahindra & Mahindra Financial Services Ltd.

Finance 2.00%

Infosys Ltd. Software 1.98%

Tech Mahindra Ltd. Software 1.97%

Engineers India Ltd.Construction Project

1.97%

Hindalco Industries Ltd.Non - Ferrous Metals

1.93%

The Ramco Cements Ltd. Cement 1.92%

Motherson Sumi Systems Ltd.

Auto Ancillaries 1.90%

Multi Commodity Exchange of India Ltd.

Finance 1.90%

Bharat Forge Ltd.Industrial Products

1.85%

Shriram City Union Finance Ltd.

Finance 1.83%

ICICI Bank Ltd. Banks 1.80%

NBCC (India) Ltd. Construction 1.72%

Larsen & Toubro Ltd.Construction Project

1.69%

Whirlpool of India Ltd.Consumer Durables

1.69%

Pidilite Industries Ltd. Chemicals 1.63%

Sadbhav Engineering Ltd.Construction Project

1.58%

Vedanta Ltd.Non - Ferrous Metals

1.57%

DCB Bank Ltd. Banks 1.48%

LIC Housing Finance Ltd. Finance 1.44%

Indraprastha Gas Ltd. Gas 1.37%

Max Financial Services Ltd.

Finance 1.34%

IndusInd Bank Ltd. Banks 1.24%

PORTFOLIO


% to Net Assets

Apollo Tyres Ltd. Auto Ancillaries 1.18%

Yes Bank Ltd. Banks 1.09%

Cummins India Ltd.Industrial Products

1.07%

Sun Pharmaceutical Industries Ltd.

Pharmaceuticals 1.04%

Capital First Ltd. Finance 0.99%

Astral Poly Technik Ltd.Industrial Products

0.90%

Kansai Nerolac Paints Ltd.Consumer Non Durables

0.85%

Eicher Motors Ltd. Auto 0.84%

Mangalore Refinery and Petrochemicals Ltd.

Petroleum Products

0.65%

Healthcare Global Enterprises Ltd.

Healthcare Services

0.33%

HPL Electric & Power Ltd.Consumer Durables

0.14%

Total 96.82%

CBLO / Reverse Repo Investments 3.20%

Total 3.20%

Cash & Cash Equivalents

Net Receivable/Payable -0.02%

Total -0.02%

Grand Total 100.00%

INDUSTRIES/RATINGS

26.70%

9.50%

9.20%

7.28%

6.48%

6.18%

5.24%

3.94%

3.82%

3.50%

3.18%

3.08%

2.78%

2.48%

1.92%

1.72%

1.63%

1.04%

0.33%

Banks

Finance

Auto

Software

Gas

Consumer Non Durables

Construction Project

Consumer Durables

Industrial Products

Non - Ferrous Metals

Cash & Equivalent

Auto Ancillaries

Petroleum Products

Media & Entertainment

Cement

Construction

Chemicals

Pharmaceuticals

Healthcare Services

Investors understand that their principal will be at Moderately High risk

This product is suitable for investors who are seeking*• Capital appreciation over long term• Investment predominantly in equity and equity related

instruments.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

INVESTMENT OBJECTIVE

To generate long term capital appreciation from an actively managed portfolio of equity & equity related instruments.

FUND DETAILS

Type of Scheme An Open Ended Growth Scheme

Date of Allotment September 12, 2003

Fund Manager# Mr. Sanjay Chawla& (Experience 25 yrs) Mr. Dipak Acharya (Experience 12 yrs)

Benchmark S&P BSE 200*

Monthly Average AUM (`)

448.03 Crs

Month end AUM (`) 464.85 Crs

Minimum Investment ` 5,000/- & in multiples of ` 1/- thereafter

Entry Load NAExit Load 1% if redeemed on or before

365 days from the date ofallotment, Nil if redeemed after 365 days from the dateof allotment of units

PlansOption

Plan A and Plan B (Direct)A. Growth Option (default option in case no option specified by investor);B. Dividend Option1. Payout2. ReinvestmentC. Bonus Option$

SIP (Minimum) ` 500/month - 12 Installments` 1500/quarter - 4 Installments

RISk PROFILE 28 APRIL 2017Standard deviation 14.90%Sharpe@ 0.83 Beta 0.98 Portfolio Turnover (last 12 months) 1.87

NAV AS ON 28 APRIL 2017NAV (Per Unit) `Plan AGrowth 92.7100Dividend 35.4300Plan B - DirectGrowth 96.2300Dividend 34.9000

TOTAL EXPENSE RATIOPlan A 2.67%Plan B (Direct) 1.62%

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.18%& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Growth Scheme

5

28th April, 2017


PORTFOLIO


% to Net Assets





3.23%





Shriram City Union Finance Ltd.

Finance 2.72%







2.44%

AIA Engineering Ltd. Industrial Products 2.39%


2.32%


IDFC Bank Ltd. Banks 2.16%

Mahindra & Mahindra Ltd.

Auto 2.12%


Max Financial Services Ltd.

Finance 2.08%




Finance 1.93%

Indian Oil Corporation Ltd.

Petroleum Products

1.86%



Cholamandalam Investment and Finance Company Ltd.

Finance 1.76%


1.76%

Motherson Sumi Systems Ltd.

Auto Ancillaries 1.75%

Pidilite Industries Ltd. Chemicals 1.71%

Canara Bank Banks 1.70%



1.63%

Mcleod Russel India Ltd.Consumer Non Durables

1.62%


Finance 1.61%

Britannia Industries Ltd.Consumer Non Durables

1.53%



1.39%

Radico Khaitan Ltd.Consumer Non Durables

1.30%


1.28%

PORTFOLIO


% to Net Assets

Oriental Bank of Commerce

Banks 1.26%

Carborundum Universal Ltd.

Industrial Products 1.24%




1.03%

Symphony Ltd.Consumer Durables

0.91%

Capital First Ltd. Finance 0.89%

Sadbhav Engineering Ltd.


0.88%



Kansai Nerolac Paints Ltd.


0.75%

Sun Pharmaceutical Industries Ltd.


Total 96.51%


Total 1.93%


Net Receivable/Payable 1.56%

Total 1.56%

Grand Total 100.00%

INDUSTRIES/RATINGS

24.43%

12.05%

8.43%

8.18%

6.93%

6.39%

4.59%

4.03%

3.82%

3.63%

3.49%

3.35%

2.54%

2.44%

1.86%

1.71%

1.45%

0.68%

Banks

Finance


Auto

Software

Gas

Auto Ancillaries


Consumer Durables

Industrial Products

Cash & Equivalent


Construction


Petroleum Products

Chemicals

Cement

Pharmaceuticals

Baroda Pioneer ELSS’ 96


This product is suitable for investors who are seeking*• Capital growth over long term• Investment predominantly in equity and equity related

instruments.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The main objective of the scheme is to provide the investor long term capital growth as also tax benefit under section 80C of the Income Tax Act, 1961.

FUND DETAILS

Type of Scheme An Open Ended Tax Benefit-Cum-Growth Scheme

Date of Allotment March 31, 1996Fund Manager# Mr. Sanjay Chawla& (Experience

25 yrs) Mr. Dipak Acharya (Experience 12 yrs)

Benchmark S&P BSE 200Monthly Average AUM (`)

90.88 Crs

Month end AUM (`) 94.56 Crs Minimum Investment ` 500/- & in multiples of ` 1/-

thereafterEntry Load NilExit Load NilPlans

Option

Plan A and Plan B (Direct)A. Growth Option (default option in case no option specified by investor);B. Dividend Option C. Bonus Option$



NAV AS ON 28 APRIL 2017NAV (Per Unit) `Plan ADividend 31.5200Bonus 43.6700Growth 43.6700Plan B - DirectDividend 36.6600Bonus 46.0200Growth 46.0200


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.18%& Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

An Open Ended Tax Benefit - Cum - Growth Scheme

6

28th April, 2017


Baroda Pioneer Mid-Cap Fund

Investors understand that their principal will be at High risk

This product is suitable for investors who are seeking*• Capital appreciation over long term.• Investment predominantly in equity and equity related

securities of growth oriented Mid-Cap stocks.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The primary objective of the Scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of growth oriented mid cap stocks. However, there is no assurance or guarantee that the investment objective of the Scheme will be realized

FUND DETAILS

Type of Scheme An Open Ended Equity Scheme

Date of Allotment October 4, 2010

Fund Manager# Mr. Sanjay Chawla (Experience 25 yrs) Mr. Dipak Acharya (Experience 12 yrs)

Benchmark S&P BSE Mid-cap index*Monthly Average AUM (`) 33.68 Crs


Minimum Investment` 5,000/- & in multiples of ` 1/- thereafter

Entry Load NA

Exit Load

1.00% if redeemed on or before 365 days from the date of allotment of units, Nil if redeemed after 365 days from the date of allotment of units

Plans

Option

Plan A and Plan B (Direct)

A. Growth Option (default option in case no option specified by investor);B. Dividend Option 1. Payout;2. Reinvestment (default sub-option in case no option specified by investor)C. Bonus Option$


PORTFOLIO


% to Net

Assets



PTC India Ltd. Power 4.11%


Finance 3.50%


Essel Propack Ltd.Industrial Products

3.32%

AIA Engineering Ltd.Industrial Products

3.25%



3.13%



Syngene International Ltd. Pharmaceuticals 2.97%


Finance 2.91%

Gulf Oil Lubricants India Ltd.Petroleum Products

2.90%

Arvind Ltd. Textile Products 2.87%

Crompton Greaves Consumer Electricals Ltd.

Consumer Durables

2.53%

BEML Ltd.Industrial Capital Goods

2.42%


Finance 2.40%


Cyient Ltd. Software 2.36%

Max Financial Services Ltd. Finance 2.36%

V.S.T Tillers Tractors Ltd. Auto 2.29%


2.20%


2.17%


2.15%

Dhanuka Agritech Ltd. Pesticides 2.08%

NRB Bearings Ltd.Industrial Products

2.03%

Shriram City Union Finance Ltd. Finance 2.02%


Schneider Electric Infrastructure Ltd.

Industrial Capital Goods

1.95%

Tube Investments of India Ltd. Auto Ancillaries 1.94%

Kajaria Ceramics Ltd. Construction 1.91%

JK Cement Ltd. Cement 1.77%

Symphony Ltd.Consumer Durables

1.66%

Balkrishna Industries Ltd. Auto Ancillaries 1.53%

Oriental Bank of Commerce Banks 1.47%


1.41%

Igarashi Motors India Ltd. Auto Ancillaries 1.40%

Johnson Controls-Hitachi Air Conditioning India Ltd.

Consumer Durables

1.35%


Carborundum Universal Ltd.Industrial Products

1.26%

IFCI Ltd. Finance 1.19%

PORTFOLIO


% to Net

Assets

TVS Srichakra Ltd. Auto Ancillaries 1.16%


Total 95.45%

BONDS & NCDs


Total 2.09%



Total 2.46%

Grand Total 100.00%

INDUSTRIES/RATINGS

14.38%13.47%

10.84%9.86%

6.03%5.36%

4.55%4.37%4.11%

3.61%3.04%2.97%2.90%2.87%2.76%2.36%2.29%2.15%2.08%

FinanceBanks

Consumer DurablesIndustrial Products

Auto AncillariesConstruction

Cash & EquivalentIndustrial Capital Goods

PowerConsumer Non Durables

GasPharmaceuticals

Petroleum ProductsTextile Products

CementSoftware

AutoConstruction Project

Pesticides

An Open Ended Equity Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015*For Disclaimer please refer page no 22 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.18%

7

RISk PROFILE 28 APRIL 2017

Standard deviation 19.30%Sharpe@ 0.12 Beta 1.00Portfolio Turnover (last 12 months) 2.56

NAV AS ON 28 APRIL 2017

NAV (Per Unit) `Plan AGrowth 8.8800Dividend 8.8800Plan B - DirectGrowth 9.1800Dividend 9.1800

TOTAL EXPENSE RATIO

Plan A 2.95%Plan B (Direct) 2.34%

28th April, 2017


Baroda Pioneer Large Cap Fund


This product is suitable for investors who are seeking*• Capital appreciation over long term• Investment predominantly in a diversified portfolio

of equity and equity related securities of Large Cap companies.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The primary objective of the Scheme is to generate capital appreciation by investing predominantly in a diversified portfolio of equity and equity related securities of large cap companies. The Scheme may also invest in debt and money market securities.However, there is no assurance or guarantee that the investment objective of the Scheme will be realized.

FUND DETAILS

Type of Scheme An Open Ended Equity SchemeDate of Allotment June 22, 2010Fund Manager# Mr. Sanjay Chawla (Experience 25 yrs)

Mr. Dipak Acharya (Experience 12 yrs)

Benchmark Nifty 100 (For disclaimer refer pg 22)Monthly Average AUM (`) 24.30 CrsMonth end AUM (`) 24.90 Crs Minimum Investment ` 5,000/- & in multiples of ` 1/-

thereafterEntry Load NAExit Load 1.00% if redeemed on or before 365

days from the date of allotment of units, Nil if redeemed after 365 days from the date of allotment of units

Plans

Option




PORTFOLIO


% to Net

Assets




5.62%


5.30%









3.60%

Indian Oil Corporation Ltd. Petroleum Products 3.54%

Adani Ports and Special Economic Zone Ltd.

Transportation 3.29%





Siemens Ltd.Industrial Capital Goods

2.64%

Zee Entertainment Enterprises Ltd.


2.33%

Colgate Palmolive (India) Ltd.Consumer Non Durables

2.29%

Cipla Ltd. Pharmaceuticals 2.24%




Power Grid Corporation of India Ltd.

Power 2.09%

Hindustan Unilever Ltd.Consumer Non Durables

2.07%

Nestle India Ltd.Consumer Non Durables

2.02%

Cummins India Ltd. Industrial Products 2.00%

Tata Power Company Ltd. Power 1.69%

Kotak Mahindra Bank Ltd. Banks 1.63%


1.47%

Total 96.63%


Total 3.20%



Total 0.17%

Grand Total 100.00%

All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.

INDUSTRIES/RATINGS

28.02%13.42%

11.68%8.66%

5.62%5.07%

4.34%3.78%3.54%3.37%3.29%

2.64%2.33%2.24%2.00%

BanksAuto

Consumer Non DurablesSoftware

Construction ProjectNon - Ferrous Metals

GasPower

Petroleum ProductsCash & Equivalent

TransportationIndustrial Capital GoodsMedia & Entertainment

PharmaceuticalsIndustrial Products

An Open Ended Equity Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.18%

8

RISk PROFILE 28 APRIL 2017

Standard deviation 18.15%

Sharpe@ 0.52

Beta 1.07

Portfolio Turnover (last 12 months) 2.72


NAV (Per Unit) `

Plan AGrowth 13.1400

Dividend 12.0900

Plan B - DirectGrowth 13.4900

Dividend 12.4400

TOTAL EXPENSE RATIO

Plan A 2.98%

Plan B (Direct) 2.25%

28th April, 2017


Baroda Pioneer Banking and Financial Services Fund

Investors understand that their principal will be atHigh risk

This product is suitable for investors who are seeking*• Capital appreciation over long term• Investment predominantly in equity and equity related

securities of companies engaged in the Banking & Financial Services Sector* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The investment objective is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.

FUND DETAILS

Type of Scheme An Open Ended Sectoral Scheme

Date of Allotment June 22, 2012

Fund Manager# Mr. Dipak Acharya(Experience 12 yrs)

Benchmark Nifty Bank Index*

Monthly Average AUM (`) 41.70 Crs



Entry Load NA

Exit Load Exit Load - 1.00% if redeemed on or before 365 days from the date of allotment of units, Nil if redeemed after 365 days from the date of allotment

Plans

Option





NAV AS ON 28 APRIL 2017NAV (Per Unit) `Plan AGrowth 20.0700Dividend 17.0600Bonus 20.0700Plan B - DirectGrowth 20.7800Dividend 17.7300Bonus NA


PORTFOLIO


% to Net Assets






Kotak Mahindra Bank Ltd. Banks 7.37%



IndusInd Bank Ltd. Banks 5.91%






Finance 2.84%



Finance 2.36%

Bank of India Banks 2.18%


Finance 1.95%

IFCI Ltd. Finance 1.85%

Oriental Bank of Commerce Banks 1.59%

Credit Analysis and Research Ltd.

Finance 1.11%



Total 95.33%


Total 4.83%


Net Receivable/Payable -0.16%

Total -0.16%

Grand Total 100.00%

INDUSTRIES/RATINGS

84.44%

10.89%

4.67%

Banks

Finance

Cash & Equivalent

An Open Ended Sectoral Scheme

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*For Disclaimer please refer page no 22@risk free rate (FBIL Overnight MIBOR) 6.18%

9

28th April, 2017


Baroda Pioneer Balance Fund


This product is suitable for investors who are seeking*• Capital appreciation along with stability over long term• Investment predominantly in equity and equity related

instruments with balance exposure to money market instruments and debt securities.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The scheme is targeted for long-term capital appreciation along with stability through a well balanced portfolio comprising of equity, equity related instruments, money market instrument and debt securities.

FUND DETAILS

Type of Scheme An Open Ended Balanced Scheme


Fund Manager# Mr. Sanjay Chawla& (Experience 25 yrs) Mr. Dipak Acharya (Experience 12 yrs)

Benchmark CRISIL Balanced Fund Aggressive index(effective April 4, 2016)

Monthly Average AUM (`) 254.89 CrsMonth end AUM (`) 268.65 Crs


Entry Load NA

Exit Load 1% if redeemed on or before 365 days from the date ofallotment, Nil if redeemed after 365 days from the dateof allotment of units

Plans

Option




RISk PROFILE 28 APRIL 2017Standard deviation 11.34%Sharpe@ 0.83 Beta 1.07Portfolio Turnover (last 12 months) 2.65

NAV AS ON 28 APRIL 2017NAV (Per Unit) `Plan AGrowth 51.9700Dividend 18.4200Bonus NAPlan B - DirectGrowth 54.4400Dividend 19.8500


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22@risk free rate (FBIL Overnight MIBOR) 6.18% & Mr. Chawla is managing the Scheme along with Mr. Acharya effective November 1, 2015

PORTFOLIO


% to Net

Assets





3.10%

Maruti Suzuki India Ltd. Auto 3.04%Axis Bank Ltd. Banks 2.85%


2.40%



2.14%

NBCC (India) Ltd. Construction 2.04%Petronet LNG Ltd. Gas 1.97%Bharat Forge Ltd. Industrial Products 1.92%Union Bank of India Banks 1.91%


1.80%

KEC International Ltd.Construction Project

1.63%

The Federal Bank Ltd. Banks 1.60%Tata Motors Ltd. Auto 1.56%


1.48%


Finance 1.45%

Syngene International Ltd. Pharmaceuticals 1.44%HCL Technologies Ltd. Software 1.44%AIA Engineering Ltd. Industrial Products 1.40%State Bank of India Banks 1.40%Mahindra & Mahindra Financial Services Ltd.

Finance 1.38%

Apollo Tyres Ltd. Auto Ancillaries 1.36%Canara Bank Banks 1.33%Engineers India Ltd. Construction Project 1.24%IDFC Bank Ltd. Banks 1.22%Yes Bank Ltd. Banks 1.21%Eicher Motors Ltd. Auto 1.21%


1.14%

D.B.Corp Ltd.Media & Entertainment

1.14%

Mahindra & Mahindra Ltd. Auto 1.12%Max Financial Services Ltd. Finance 1.10%RBL Bank Ltd. Banks 1.05%Bank of India Banks 1.04%ICICI Bank Ltd. Banks 1.04%The Ramco Cements Ltd. Cement 1.02%Multi Commodity Exchange of India Ltd.

Finance 1.02%

Shriram City Union Finance Ltd. Finance 1.01%


1.01%


Indian Oil Corporation Ltd.Petroleum Products

0.98%



0.86%

DCB Bank Ltd. Banks 0.86%Tech Mahindra Ltd. Software 0.85%Pidilite Industries Ltd. Chemicals 0.80%Oriental Bank of Commerce Banks 0.79%Carborundum Universal Ltd. Industrial Products 0.76%


0.76%

Interglobe Aviation Ltd. Transportation 0.76%Motherson Sumi Systems Ltd. Auto Ancillaries 0.70%Sun Pharmaceutical Industries Ltd.


Healthcare Global Enterprises Ltd.

Healthcare Services

0.59%


0.26%

Total 74.28%

PORTFOLIO


% to Net

Assets

CENTRAL GOVERNMENT SECURITIES

7.61% CGL 2030 Sovereign 1.91%7.88% CGL 2030 Sovereign 0.70%8.24% CGL 2027 Sovereign 0.51%8.83% CGL 2023 Sovereign 0.20%8.60% CGL 2028 Sovereign 0.04%8.28% CGL 2027 Sovereign 0.04%

Total 3.40%

STATE GOVERNMENT SECURITIES

9.72% SDL 2023 Sovereign 1.23%

Total 1.23%

BONDS & NCDs


ICICI Bank Ltd. [ICRA]AA+ 5.62%IndusInd Bank Ltd. CRISIL AA 5.61%Vijaya Bank [ICRA]AA- 1.87%Dewan Housing Finance Corporation Ltd.

BWR AAA 0.75%

Rural Electrification Corporation Ltd.

CRISIL AAA 0.34%

Total 14.19%


Total 5.75%



Total 1.15%

Grand Total 100.00%


INDUSTRIES/RATINGS

19.58%6.93%6.90%6.83%6.64%

5.62%5.61%5.32%

4.63%4.08%3.88%3.54%

2.56%2.34%2.29%2.06%2.04%2.04%1.87%

1.02%0.98%0.80%0.76%0.75%0.59%0.34%

BanksAuto

Cash & EquivalentFinance

Consumer Non Durables[ICRA]AA+CRISIL AA

GasSovereign

Industrial ProductsConstruction Project

Media & EntertainmentConsumer Durables

Non - Ferrous MetalsSoftware

Auto AncillariesConstruction

Pharmaceuticals[ICRA]AA-

CementPetroleum Products

ChemicalsTransportation

BWR AAAHealthcare Services

CRISIL AAA

An Open Ended Balanced Scheme

10

28th April, 2017


Baroda Pioneer Monthly Income Plan (MIP) Fund

Investors understand that their principal will be at Moderate risk

This product is suitable for investors who are seeking*• Regular Income and capital appreciation over medium

term with providing liquidity• Investment in debt and money market instruments and

in equity and equity related instruments.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate regular income through investment in debt and money market instruments and also to generate long-term capital appreciation by investing a portion in equity and equity related instruments.

FUND DETAILS

Type of Scheme An Open Ended Income Scheme with no assured returns.


Fund Manager Ms. Hetal Shah#

(Experience 12 yrs)

Benchmark CRISIL MIP Blended Index




Entry Load NA

Exit Load NIL

Plans Plan A and Plan B (Direct)

Options • Growth• Monthly Dividend 1. Payout 2. Reinvestment • Quarterly Dividend 1. Payout 2. Reinvestment • Bonus Option$



NAV (Per Unit) `Plan AGrowth 21.2905Dividend - Monthly 13.6063Dividend - Quarterly 13.2460Plan B - Direct

Growth 22.0670Dividend - Monthly 13.8793Dividend - Quarterly 13.5485

PORTFOLIO CHARACTERISTIC

Average Maturity (Days) 3245.52Modified Duration (Years) 5.70Portfolio Yield (%) 7.54

TOTAL EXPENSE RATIO


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22*Monthly income is not assured and is subject to the availability of distributable surplus.

PORTFOLIO


% to Net

Assets

EQUITY & EQUITY RELATEDListed / awaiting listing on the stock exchangesMulti Commodity Exchange of India Ltd.

Finance 0.69%




0.58%




Nestle India Ltd.Consumer Non Durables

0.52%




0.52%



0.51%


Bank of India Banks 0.48%


0.47%




Hindustan Unilever Ltd.Consumer Non Durables

0.44%



Finance 0.43%




0.40%

AIA Engineering Ltd.Industrial Products

0.39%


Carborundum Universal Ltd.Industrial Products

0.38%

BEML Ltd.Industrial Capital Goods

0.36%




0.21%

Total 14.96%


8.60% CGL 2028 Sovereign 16.91%

7.61% CGL 2030 Sovereign 16.02%

7.88% CGL 2030 Sovereign 13.50%

7.59% CGL 2026 Sovereign 5.37%



Total 57.20%

BONDS & NCDs


IndusInd Bank Ltd. CRISIL AA 5.21%

India Infoline Housing Finance Ltd.

[ICRA]AA 3.94%


CRISIL AAA 3.29%

IIFL Facilities Services Ltd. [ICRA]AA 3.20%

IDBI Bank Ltd. CRISIL A 3.04%

Total 18.68%

PORTFOLIO


% to Net

Assets


Total 7.12%



Total 2.04%

Grand Total 100.00%


RATING PROFILE

57.20%

9.16%

7.14%

5.21%

4.86%

3.29%

3.04%

2.15%

1.39%

1.29%

1.12%

1.03%

0.77%

0.57%

0.52%

0.47%

0.43%

0.36%

Sovereign

Cash & Equivalent

[ICRA]AA

CRISIL AA

Banks

CRISIL AAA

CRISIL A


Auto

Gas

Finance


Industrial Products

Auto Ancillaries

Construction

Consumer Durables

Software

Industrial Capital Goods

INSTRUMENTS

57.20%

18.68%

14.96%

7.12% 2.04% CENTRALGOVERNMENTSECURITIES

BONDS & NCDs

EQUITY & EQUITYRELATED

CBLO / Reverse RepoInvestments

Cash & CashEquivalents

An Open Ended Income Scheme with no assured returns.(Monthly income is not assured and is subject to the availability of distributable surplus.)

11

28th April, 2017


Baroda Pioneer Credit Opportunities Fund


This product is suitable for investors who are seeking*• Income over medium term.• Investment in a mix of debt and money market

instruments across the credit and maturity spectrum.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The primary objective of the Scheme is to generate returns by investing in debt and money market instruments across the credit spectrum. There is no assurance or guarantee that the investment objective of the Scheme will be realized.

FUND DETAILS

Type of Scheme An Open Ended Debt Scheme

Date of Allotment January 23, 2015

Fund Manager Mr. Alok Sahoo#

(Experience 13 yrs), Ms. Hetal Shah#

(Experience 12 yrs)

Benchmark CRISIL Short Term Bond Fund Index


533.48 Crs



Entry Load NA

Exit Load 1%, if redeemed on or before 365 days from the date of allotment of Units. Nil, if redeemed after 365 days from the date of allotment of Units.


Options • Growth• Monthly Dividend 1.Payout 2.Reinvestment• Quarterly Dividend 1.Payout 2.Reinvestment• Bonus Option$




TOTAL EXPENSE RATIO


$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

PORTFOLIO


% to Net

Assets

MONEY MARkET INSTRUMENT

Commercial Paper**

Peninsula Land Ltd. [ICRA]A1 6.09%

Adani Enterprises Ltd. BWR A1+ 5.41%

Total 11.50%




Total 0.77%

BONDS & NCDsListed / awaiting listing on the stock exchanges

Dewan Housing Finance Corporation Ltd.

BWR AAA 7.15%

Aspire Home Finance Corporation Ltd.

[ICRA]AA- 7.09%

IIFL Facilities Services Ltd. [ICRA]AA 6.61%

Apollo Hospitals Enterprise Ltd. CRISIL AA 6.04%


Power Finance Corporation Ltd. CRISIL AAA 4.59%

Edelweiss Housing Finance Ltd. [ICRA]AA 4.58%

ICICI Bank Ltd. [ICRA]AA+ 4.58%

Edelweiss Commodities Services Ltd.

CARE AA 3.87%

Indian Railway Finance Corporation Ltd.

CRISIL AAA 3.86%

India Infoline Housing Finance Ltd. CRISIL AA 1.97%

Janalakshmi Financial Services Ltd. [ICRA]A+ 1.11%


Total 57.13%

UnlistedCyquator Media Services Private Ltd.

BWR A1+ (SO) 7.29%

Tanglin Developments Ltd. BWR A+ (SO) 4.65%

ARM Infra & Utilities Private Ltd.

BWR A1+ (SO) 4.20%

Janalakshmi Financial Services Ltd.

[ICRA]A+ 3.42%

Total 19.56%

Investment Funds/Mutual FundsBaroda Pioneer Liquid Fund - Plan B (Direct) - Growth Option

Unrated 2.91%

Total 2.91%

CBLO /Reverse Repo investments 4.83%

Total 4.83%



Total 3.30%

Grand Total 100.00%

All corporate ratings are assigned by rating agencies like CRISIL; CARE; ICRA; IND.**Thinly traded / Non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines.

RATING PROFILE

13.49%

11.49%

11.19%

8.45%

8.13%

7.15%

7.09%

6.09%

5.41%

4.65%

4.58%

4.53%

3.87%

2.91%

0.77%

0.20%

CRISIL AA

BWR A1+ (SO)

[ICRA]AA

CRISIL AAA

Cash & Equivalent

BWR AAA

[ICRA]AA-

[ICRA]A1

BWR A1+

BWR A+ (SO)

[ICRA]AA+

[ICRA]A+

CARE AA

Unrated

Sovereign

CRISIL A

INSTRUMENTS

57.13%

19.56%

11.50%

4.83%3.30%

2.91%0.77% BONDS & NCDs

UnlistedCommercial PaperCBLO / Reverse RepoInvestmentsCash & CashEquivalentsInvestmentFunds/Mutual FundsCENTRALGOVERNMENTSECURITIES


NAV (Per Unit) `Plan ABonus NAGrowth 12.6067Dividend - Quarterly 10.7816Dividend - Monthly 10.9053Plan B - Direct

Bonus 12.9559Growth 12.9559Dividend - Quarterly 11.0764Dividend - Monthly 11.2531

An Open Ended Debt Scheme

12

28th April, 2017


Baroda Pioneer Gilt Fund


This product is suitable for investors who are seeking*• Credit risk free regular Income over long term• Investment only in Government (both Central and State

Government) Securities* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate income by investing in a portfolio of Government securities.

FUND DETAILS

Type of Scheme An Open Ended Gilt Scheme

Date of Allotment March 21, 2002


(Experience 12 yrs)

Benchmark I SEC-MI BEX


47.01 Crs



Entry Load NA

Exit Load 0.25% if redeemed on or before 1 month (30 days) from the date of allotment. Nil if redeemed after 1 month (30 days) from the date of allotment


Options • Growth• Dividend 1 .Payout 2 .Reinvestment• Bonus Option$






TOTAL EXPENSE RATIO

Plan A 1.89%


PORTFOLIO


% to Net Assets


7.59% CGL 2029 Sovereign 17.06%

7.61% CGL 2030 Sovereign 13.23%








Total 66.51%



Total 5.84%


Total 26.59%



Total 1.06%

Grand Total 100.00%

RATING PROFILE

72.35%

27.65%

Sovereign

Cash & Equivalent

INSTRUMENTS

66.51%

26.59%

5.84% 1.06% CENTRALGOVERNMENTSECURITIES


STATE GOVERNMENTSECURITIES



An Open Ended Gilt Scheme

13

28th April, 2017


Baroda Pioneer Income Fund


This product is suitable for investors who are seeking*• Regular Income over long term• Investment predominantly in good quality Fixed Income

Securities by maintaining a balance between Risk & Return.* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate regular income by investing in a portfolio of good quality Fixed Income Securities by maintaining a balance between Risk & Return.

FUND DETAILS

Type of Scheme An Open Ended Income Scheme

Date of Allotment March 21, 2002


(Experience 12 yrs)

Benchmark CRISIL Composite Bond Fund Index


24.74 Crs



Entry Load NA

Exit Load 1% if redeemed on or before 365 days from the date of allotment. Nil if redeemed after 365 days from the date of allotment


Options • Growth• Dividend 1.Payout 2.Reinvestment• Bonus Option$






TOTAL EXPENSE RATIO

Plan A 2.39%


PORTFOLIO


% to Net Assets


7.59% CGL 2026 Sovereign 10.53%







Total 48.18%






Total 8.86%

BONDS & NCDs




CRISIL AAA 8.23%



BWR AAA 7.34%

Total 32.89%


Total 7.92%



Total 2.15%

Grand Total 100.00%


RATING PROFILE

57.04%

10.07%

9.15%

8.23%

8.17%

7.34%

Sovereign

Cash & Equivalent

CRISIL A

CRISIL AAA

CRISIL AA

BWR AAA

INSTRUMENTS

48.18%

32.89%

8.86%

7.92%2.15% CENTRAL

GOVERNMENTSECURITIES

BONDS & NCDs




$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

An Open Ended Income Scheme

14

28th April, 2017


Baroda Pioneer Dynamic Bond Fund


This product is suitable for investors who are seeking*• Regular Income over medium term with providing

liquidity• Investment in medium to long term corporate bonds

and / or government securities and manage the portfolio dynamically through different interest rate cycles* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The investment objective of the scheme is to generate returns with liquidity by managing the portfolio dynamically through interest rate cycles.

FUND DETAILS



Fund Manager Mr. Alok Sahoo# (Experience 13 yrs), Ms. Hetal Shah# (Experience 12 yrs)

Benchmark CRISIL Composite Bond Fund Index




Entry Load NA

Exit Load 0.50% if redeemed within 3 months from the date of allotment of units, Nil if redeemed after 3 months from the date of allotment of units


Options • Growth• Dividend 1. Payout 2. Reinvestment• Bonus Option$






TOTAL EXPENSE RATIO

Plan A 1.57%


PORTFOLIO


% to Net Assets


8.28% CGL 2027 Sovereign 13.95%





Total 35.98%


9.72% SDL 2023 Sovereign 11.55%

Total 11.55%

BONDS & NCDs



CRISIL AAA 10.57%



BWR AAA 10.48%


[ICRA]A+ 9.59%


Total 46.25%


Total 3.55%



Total 2.67%

Grand Total 100.00%


RATING PROFILE

47.53%

10.57%

10.50%

10.48%

9.59%

6.22%

5.11%

Sovereign

CRISIL AAA

CRISIL AA

BWR AAA

[ICRA]A+

Cash & Equivalent

CRISIL A

INSTRUMENTS

46.25%

35.98%

11.55%

3.55% 2.67% BONDS & NCDs

CENTRALGOVERNMENTSECURITIES






15

28th April, 2017


Baroda Pioneer Short Term Bond Fund

Investors understand that their principal will be at Moderately Low risk

This product is suitable for investors who are seeking*• Regular Income over short term• Investment predominantly in Money Market Instruments

(i.e. CP/CD) and Short Term Debt Market Instruments* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The objective of the Scheme is to generate income from a portfolio constituted of short term debt and money market securities.

FUND DETAILS



Fund Manager Mr. Alok Sahoo# (Experience 13 yrs), Ms. Hetal Shah# (Experience 12 yrs)

Benchmark CRISIL Short Term Bond Fund Index




Entry Load NA

Exit Load 0.25% if redeemed on or before 15 days from the date of allotment. Nil if redeemed after 15 days from the date of allotment


Options • Growth• Monthly Dividend^• Quarterly Dividend^ 1. Payout 2. Reinvestment






TOTAL EXPENSE RATIO

Plan A 1.23%


PORTFOLIO


% to Net Assets


Certificate of Deposit**

Vijaya Bank CARE A1+ 6.31%

Axis Bank Ltd. CRISIL A1+ 6.30%

HDFC Bank Ltd. IND A1+ 6.29%

IndusInd Bank Ltd. CRISIL A1+ 5.24%

Oriental Bank of Commerce

CRISIL A1+ 2.10%

Total 26.24%

Commercial Paper**

Peninsula Land Ltd. [ICRA]A1 6.11%

IIFL Facilities Services Ltd. CRISIL A1+ 4.92%


Total 15.25%

BONDS & NCDs


Manappuram Finance Ltd. CRISIL AA- 5.99%


BWR AAA 5.31%

Indiabulls Housing Finance Ltd.

BWR AAA 4.25%

JSW Steel Ltd. CARE AA- 3.40%

Edelweiss Asset Reconstruction Company Ltd.

[ICRA]AA 2.79%

Edelweiss Commodities Services Ltd.

CARE AA 2.35%


CRISIL A+ 1.93%


[ICRA]A+ 1.55%

India Infoline Finance Ltd. [ICRA]AA 1.34%


CRISIL AAA 1.18%

Power Finance Corporation Ltd.

CRISIL AAA 1.07%


[ICRA]AA- 0.87%

India Infoline Housing Finance Ltd.

CRISIL AA 0.56%

Vedanta Ltd. CRISIL AA- 0.21%


CRISIL AAA 0.13%

Total 32.93%

Unlisted

Cyquator Media Services Private Ltd.

BWR A1+ (SO) 3.17%

Tanglin Developments Ltd. BWR A+ (SO) 2.12%


[ICRA]A+ 1.54%

Total 6.83%


Total 16.44%

PORTFOLIO


% to Net Assets



Total 2.31%

Grand Total 100.00%


RATING PROFILE

18.75%

18.56%

9.56%

6.31%

6.29%

6.20%

6.11%

4.22%

4.13%

3.40%

3.17%

3.09%

2.38%

2.35%

2.12%

1.93%

0.87%

0.56%

Cash & Equivalent

CRISIL A1+

BWR AAA

CARE A1+

IND A1+

CRISIL AA-

[ICRA]A1

BWR A1+

[ICRA]AA

CARE AA-

BWR A1+ (SO)

[ICRA]A+

CRISIL AAA

CARE AA

BWR A+ (SO)

CRISIL A+

[ICRA]AA-

CRISIL AA

INSTRUMENTS

32.93%

26.24%

16.44%

15.25%

6.83%2.31% BONDS & NCDs

Certificate ofDeposit


Commercial Paper

Unlisted



^ The Dividend Option has been renamed as Monthly Dividend Option and a Quarterly Dividend Option has been introduced effective December 23, 2016.$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 # For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

16

28th April, 2017


[ICRA] A1+ mfs*Baroda Pioneer Treasury Advantage Fund

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Pioneer Treasury Advantage Fund (earlier called Institutional Plan) *For Disclaimer please refer page no 22# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22

Investors understand that their principal will be at Moderately Low risk

This product is suitable for investors who are seeking*• Regular income over short term with maintaining a

balance between returns and liquidity• Investment predominantly in Money Market (i.e. CP/

CDs) and Debt Market Instruments* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


The main objective of the scheme is to provide optimal returns and liquidity through a portfolio comprising of debt securities and money market instruments

FUND DETAILS

Type of Scheme An Open Ended Debt Scheme




(Experience 12 yrs)

Benchmark CRISIL Liquid Fund Index


2,695.40 Crs

Month end AUM (`) 2,894.77 Crs


Entry Load NA

Exit Load Nil


Options

• Growth • Daily Dividend 1 .Reinvestment • Weekly Dividend 1 .Reinvestment • Monthly Dividend 1 .Payout 2 .Reinvestment• Quarterly Dividend 1.Payout 2 .Reinvestment• Bonus Option$

SIP (Minimum) ` 500/month - 12 Instalments` 1500/quarter - 4 Instalments



TOTAL EXPENSE RATIO

Plan A 0.80%


PORTFOLIOName of Instruments Ratings /

Industries% to

Net Assets

MONEY MARkET INSTRUMENTCertificate of Deposit**Axis Bank Ltd. CRISIL A1+ 6.52%Oriental Bank of Commerce CRISIL A1+ 6.36%HDFC Bank Ltd. IND A1+ 5.05%Vijaya Bank CARE A1+ 4.30%IndusInd Bank Ltd. CRISIL A1+ 4.28%ICICI Bank Ltd. [ICRA]A1+ 3.44%Credit Suisse Ag CRISIL A1+ 0.84%Total 30.79%Commercial Paper**Adani Enterprises Ltd. BWR A1+ 4.11%India Infoline Housing Finance Ltd.

[ICRA]A1+ 3.42%

JSW Steel Ltd. [ICRA]A1+ 3.42%Export-Import Bank of India CRISIL A1+ 2.07%Peninsula Land Ltd. [ICRA]A1 1.80%Vedanta Ltd. CRISIL A1+ 1.72%Housing Development Finance Corporation Ltd.

CRISIL A1+ 1.66%

IIFL Facilities Services Ltd. CRISIL A1+ 1.21%Godrej Properties Ltd. [ICRA]A1+ 0.85%Total 20.26%BILLS RE-DISCOUNTINGHDFC Bank Ltd. Unrated 3.44%Total 3.44%BONDS & NCDsListed / awaiting listing on the stock exchangesPower Finance Corporation Ltd. CRISIL AAA 5.56%Dewan Housing Finance Corporation Ltd.

BWR AAA 4.91%

Indiabulls Housing Finance Ltd. CARE AAA 3.57%Apollo Hospitals Enterprise Ltd. CRISIL AA 2.43%India Infoline Housing Finance Ltd. CRISIL AA- 2.15%Aspire Home Finance Corporation Ltd.

[ICRA]AA- 2.06%

India Infoline Housing Finance Ltd. [ICRA]AA 2.05%Manappuram Finance Ltd. CRISIL AA- 1.64%Edelweiss Commodities Services Ltd.

CARE AA 1.50%

Janalakshmi Financial Services Ltd. [ICRA]A+ 1.23%JSW Steel Ltd. CARE AA- 1.22%Piramal Enterprises Ltd. [ICRA]AA 1.04%Bank of Baroda CARE AA 0.87%India Infoline Housing Finance Ltd. CRISIL AA 0.79%Aspire Home Finance Corporation Ltd.

CRISIL A+ 0.56%

Edelweiss Asset Reconstruction Company Ltd.

[ICRA]AA 0.42%

ICICI Bank Ltd. [ICRA]AA+ 0.35%India Infoline Finance Ltd. [ICRA]AA 0.33%Edelweiss Commodities Services Ltd.

[ICRA]AA 0.32%


CRISIL AAA 0.30%


CRISIL AAA 0.26%

Indiabulls Housing Finance Ltd. BWR AAA 0.17%Steel Authority of India Ltd. IND AA 0.17%Total 33.90%UnlistedARM Infra & Utilities Private Ltd. BWR A1+ (SO) 0.94%Cyquator Media Services Private Ltd.

BWR A1+ (SO) 0.69%

Tanglin Developments Ltd. BWR A+ (SO) 0.50%Powergrid Vizag Transmission Ltd.

CRISIL AAA (SO)

0.36%

Total 2.49%CBLO / Reverse Repo Investments 7.49%Total 7.49%Cash & Cash EquivalentsNet Receivable/Payable 1.63%

PORTFOLIOName of Instruments Ratings /

Industries% to

Net Assets

Total 1.63%Grand Total 100.00%


RATING PROFILE

24.66%11.13%

9.12%6.12%

5.08%5.05%

4.30%4.16%4.11%3.79%3.57%3.44%3.22%

2.37%2.06%1.80%1.63%1.23%1.22%

0.56%0.50%0.36%0.35%0.17%

CRISIL A1+[ICRA]A1+

Cash & EquivalentCRISIL AAABWR AAA

IND A1+CARE A1+[ICRA]AABWR A1+

CRISIL AA-CARE AAA

UnratedCRISIL AACARE AA

[ICRA]AA-[ICRA]A1

BWR A1+ (SO)[ICRA]A+

CARE AA-CRISIL A+

BWR A+ (SO)CRISIL AAA (SO)

[ICRA]AA+IND AA

INSTRUMENTS

33.90%

30.79%

20.26%

7.49%2.49% 1.63% BONDS & NCDs

MONEY MARKETINSTRUMENT

BILLS RE-DISCOUNTING


Unlisted



NAV (Per Unit) `RegularGrowth 1859.5207Dividend - Daily 1006.5930Dividend - Weekly 1004.0914Dividend - Monthly 1012.4243Dividend - Quarterly NAPlan ABonus 1892.9660Growth 1906.7694Dividend - Daily 1030.7119Dividend - Weekly 1021.8283Dividend - Monthly 1012.4246Dividend - Quarterly 1032.6231Plan B - DirectBonus 1934.0606Growth 1934.0568Dividend - Daily 1008.8997Dividend - Weekly 1004.0682Dividend - Monthly 1012.6669Dividend - Quarterly 1037.8990

An Open Ended Debt Scheme

17

28th April, 2017


[ICRA] A1+ mfs*Baroda Pioneer Liquid Fund

$ The Bonus Option in the Schemes has been discontinued effective June 08, 2015 Effective November 01, 2012, dividends declared under the Regular Plan (which has been discontinued from October 01, 2012) will be reinvested in Baroda Pioneer Liquid Fund (earlier called Institutional Plan) *For Disclaimer please refer page no 22# For performance of the Scheme and other funds managed by the said Fund manager, either individually or jointly, please refer page no 19 - 22 &Aggregate investments made by other schemes of Baroda Pioneer Mutual Fund – Rs.16 crores

Investors understand that their principal will be atLow risk

This product is suitable for investors who are seeking*

• Regular income over short term with high level of liquidity

• Investment predominantly in Money Market (i.e. CP / CDs) Instruments* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


To generate income with a high level of liquidity by investing in a portfolio of money market and debt securities.

FUND DETAILS

Type of Scheme An Open Ended Liquid Scheme

Date of Allotment February 5, 2009



(Experience 12 yrs)

Benchmark CRISIL Liquid Fund Index

Monthly Average AUM (`)&

5,937.12 Crs

Month end AUM (`)& 5,713.11 Crs


Entry Load NA

Exit Load Nil


Options • Growth• Daily Dividend 1.Reinvestment• Weekly Dividend 1.Reinvestment• Bonus Option$

SIP (Minimum) ` 500/month - 12 Instalments` 1500/quarter - 4 Instalments



TOTAL EXPENSE RATIOPlan A 0.25%


PORTFOLIO


% to Net

Assets


Certificate of Deposit**

Oriental Bank of Commerce CRISIL A1+ 5.29%

ICICI Bank Ltd. [ICRA]A1+ 5.21%

HDFC Bank Ltd. IND A1+ 4.67%

IDFC Bank Ltd. [ICRA]A1+ 1.74%

IndusInd Bank Ltd. CRISIL A1+ 1.73%

Axis Bank Ltd. CRISIL A1+ 1.39%

Vijaya Bank CARE A1+ 0.78%

Total 20.81%

Commercial Paper**

Export-Import Bank of India CRISIL A1+ 5.90%

Edelweiss Commodities Services Ltd. [ICRA]A1+ 4.26%

India Infoline Housing Finance Ltd. [ICRA]A1+ 3.48%

IIFL Wealth Finance Ltd. [ICRA]A1+ 3.48%

Aditya Birla Housing Finance Ltd. [ICRA]A1+ 3.47%Adani Ports and Special Economic Zone Ltd.

[ICRA]A1+ 3.47%

Small Industries Development Bank of India CRISIL A1+ 3.46%

IIFL Facilities Services Ltd. CRISIL A1+ 3.04%

Edelweiss Agri Value Chain Ltd. [ICRA]A1+ 2.61%

Vedanta Ltd. CRISIL A1+ 2.61%

LIC Housing Finance Ltd. CRISIL A1+ 2.60%

Havells India Ltd. CARE A1+ 2.60%


Edelweiss Agri Value Chain Ltd. CRISIL A1+ 1.74%

JSW Steel Ltd. [ICRA]A1+ 1.73%

PNB Housing Finance Ltd. CRISIL A1+ 1.73%

Piramal Enterprises Ltd. [ICRA]A1+ 1.73%

Adani Gas Ltd. CARE A1+ 0.86%

Kotak Commodity Services Private Ltd. [ICRA]A1+ 0.52%

Capital First Home Finance Ltd. CARE A1+ 0.43%

Total 52.05%


HDFC Bank Ltd. Unrated 3.47%

Total 3.47%

Treasury Bills

TBILL 91 DAY 25 May 2017 Sovereign 0.43%

Total 0.43%

Fixed Deposit

RBL Bank Ltd. Unrated 1.74%

Yes Bank Ltd. Unrated 1.74%


Bandhan Bank Ltd. Unrated 1.74%


Total 8.70%

CBLO /Reverse Repo investments 14.53%

Total 14.53%



Total 0.01%

Grand Total 100.00%


RATING PROFILE

31.70%

29.49%

14.54%

12.17%

4.67%

4.67%

2.33%

0.43%

[ICRA]A1+

CRISIL A1+

Cash & Equivalent

Unrated

IND A1+

CARE A1+

BWR A1+

Sovereign

INSTRUMENTS

52.05%

20.81%

14.53%

8.70%3.47%

0.43%0.01% Commercial Paper

MONEY MARKETINSTRUMENT

CBLO / Reverse RepoInvestmentsFixed Deposit


Treasury Bills



NAV (Per Unit) `RegularGrowth 2754.5446

Dividend 2359.9735Dividend - Daily 1006.0602Plan AGrowth 1871.9349Dividend - Daily 1001.1191Dividend - Weekly 1000.7528Plan B - DirectBonus 1879.7468Growth 1879.4275Dividend - Daily 1001.8422Dividend - Weekly 1225.0676

An Open Ended Liquid Scheme

18

28th April, 2017


Investment Performance

Funds Managed by Mr. Sanjay Chawla & Mr. Dipak Acharya

Date Of Inception: 12/09/20031 Year 3 Years 5 Years

Since InceptionScheme Name & Benchmark

Baroda Pioneer Growth Fund (in %)^ 27.12 18.61 15.69 17.74

S&P BSE 200 (Scheme Benchmark) (in %)* 22.99 14.97 13.83 15.63

Nifty 50 (Standard Benchmark) (in %)$ 18.58 11.60 12.14 15.07

` 10,000, if invested in BPGF, would have become `12,703 `16,677 `20,717 `92,710

` 10,000, if invested in S&P BSE 200, would have become `12,292 `15,189 `19,108 `72,482

` 10,000, if invested in Nifty 50, would have become `11,853 `13,894 `17,728 `67,809

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.



Baroda Pioneer ELSS’ 96 Fund (in %)^ 27.29 18.43 16.17 13.06

S&P BSE 200 (Scheme Benchmark) (in %)* 22.99 14.97 13.83 12.42


`10,000, if invested in BPELSS’96F, would have become `12,721 `16,602 `21,149 `1,33,255

`10,000, if invested in S&P BSE 200, would have become `12,292 `15,189 `19,108 `1,18,210

`10,000, if invested in Nifty 50, would have become `11,853 `13,894 `17,728 `94,429

^Past performance may or may not be sustained in the future.Data is for Dividend Option and the last working day of April has been considered in all cases. Returns have been computed assuming that all payouts during the period have been reinvested in the units of the Scheme at the respective prevailing NAVs. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. * with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015.



Baroda Pioneer Balance Fund (in %)^ 22.64 15.57 14.09 12.85

CRISIL Balanced Fund - Aggressive index& (Scheme Benchmark) (in %) 15.73 11.62 11.40 12.49


`10,000, if invested in BPBF, would have become `12,257 `15,431 `19,320 `51,970

`10,000, if invested in CRISIL Balanced Fund - Aggressive index (effective April 4, 2016), would have become `11,569 `13,903 `17,150 `49,776


^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme along with Mr. Dipak Acharya effective November 1, 2015. &(Benchmark has been renamed effective April 4, 2016)



Baroda Pioneer Mid-Cap Fund (in %)^ 32.84 8.42 4.34 -1.79

S&P BSE MidCap (Scheme Benchmark)& (in %) 34.12 26.45 18.58 9.26


`10,000, if invested in BPMCF, would have become `13,274 `12,740 `12,368 `8,880

`10,000, if invested in S&P BSE MidCap, would have become `13,401 `20,207 `23,431 `17,894


^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. & (Scheme Benchmark has been changed to S&B BSE Mid-cap Index effective October 3, 2016)

19

28th April, 2017



Funds Managed by Mr. Sanjay Chawla & Mr. Dipak Acharya



Baroda Pioneer Large Cap Fund (in %)^ 27.66 15.55 12.15 4.06

Nifty 100 (Scheme Benchmark)& (in %) 21.27 13.53 13.42 9.22


`10,000, if invested in BPLCF, would have become `12,757 `15,423 `17,733 `13,140

`10,000, if invested in Nifty 100 would have become `12,121 `14,628 `18,767 `18,308


^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. Mr. Sanjay Chawla is managing the Scheme with Mr. Dipak Acharya effective October 3, 2016. &(Scheme Benchmark has been changed to Nifty 100 effective October 3, 2016)

Funds Managed by Mr. Dipak AcharyaDate Of Inception: 22/06/2012

1 Year 3 Years 5 YearsSince

InceptionScheme Name & Benchmark

Baroda Pioneer Banking and Financial Services Fund (in %)^ 37.49 21.52 NA 15.44

Nifty Bank Index (Scheme Benchmark) (in %) 33.23 20.28 NA 17.94

Nifty 50 (Standard Benchmark) (in %)$ 18.58 11.60 NA 12.98

`10,000, if invested in BPBFSF, would have become `13,737 `17,936 NA `20,070

`10,000, if invested in Nifty Bank Index, would have become `13,312 `17,391 NA `22,273

`10,000, if invested in Nifty 50, would have become `11,853 `13,894 NA `18,080

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. The Scheme has been in existence for less than 5 years.



Baroda Pioneer Short Term Bond Fund (in %)^ 9.78 9.33 9.02 8.42

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 8.70 9.18 9.05 8.51

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.63 7.75 7.41 7.01

`10,000, if invested in BPSTBF, would have become `10,975 `13,064 `15,394 `17,373

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become `10,867 `13,011 `15,420 `17,470

`10,000, if invested in CRISIL 1 year T-Bill, would have become `10,662 `12,509 `14,293 `15,883

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Funds Managed by Mr. Alok Sahoo and Ms Hetal Shah

20

Date Of Inception: 05/02/2009 1 Year 3 Years 5 Years


Baroda Pioneer Liquid Fund (in %)^ 7.18 8.11 8.60 7.92

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.06 7.98 8.32 7.50

CRISIL 1 year T-Bill (Standard Benchmark) (in%)$ 6.63 7.75 7.41 6.22

`10,000, if invested in BPLF, would have become `10,716 `12,634 `15,102 `18,719

`10,000, if invested in CRISIL Liquid Fund Index, would have become `10,704 `12,589 `14,907 `18,138

`10,000, if invested in CRISIL 1 year T-Bill, would have become `10,662 `12,509 `14,293 `16,429


28th April, 2017



Funds Managed by Mr. Alok Sahoo and Ms. Hetal Shah



Baroda Pioneer Treasury Advantage Fund (in %)^ 8.91 9.08 9.26 8.57

CRISIL Liquid Fund Index (Scheme Benchmark) (in %) 7.06 7.98 8.32 7.55

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.63 7.75 7.41 6.35

`10,000, if invested in BPTAF, would have become `10,889 `12,977 `15,564 `19,068

`10,000, if invested in CRISIL Liquid Fund Index, would have become `10,704 `12,589 `14,907 `17,700

`10,000, if invested CRISIL 1 year T-Bill, would have become `10,662 `12,509 `14,293 `16,210


Date of Inception: 23/01/20151 Year


Baroda Pioneer Credit Opportunities Fund (in %)^ 11.07 10.78

CRISIL Short Term Bond Fund Index (Scheme Benchmark) (in %) 8.70 8.64

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.63 7.35

`10,000, if invested in BPCOF, would have become `11,104 `12,607

`10,000, if invested in CRISIL Short Term Bond Fund Index, would have become `10,867 `12,064

`10,000, if invested CRISIL 1 year T-Bill, would have become `10,662 `11,742

^Past performance may or may not be sustained in the future.Data is for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. The Scheme has been in existence for less than 3 years.



Baroda Pioneer Monthly Income Plan (MIP) Fund (in %)^* 9.60 9.95 9.17 6.16

CRISIL MIP Blended Index (Scheme Benchmark) (in %) 11.42 11.17 9.85 8.55

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 9.64 10.76 8.51 6.10

`10,000, if invested in BPMIPF, would have become `10,957 `13,288 `15,504 `21,291

`10,000, if invested in CRISIL MIP Blended Index, would have become `11,139 `13,737 `15,994 `28,203

`10,000, if invested in CRISIL 10 Year Gilt Index, would have become `10,961 `13,584 `15,038 `21,139

^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

Funds Managed by Ms. Hetal Shah

21

*Monthly income is not assured and is subject to the availability of distributable surplus.

Date of Inception: 30/06/20121 Year 3 Years


Baroda Pioneer Dynamic Bond Fund (in %)^ 10.59 11.35 9.66

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 10.07 10.93 9.32

CRISIL 1 year T-Bill (Standard Benchmark) (in %)$ 6.63 7.75 7.40

`10,000, if invested in BPDBF, would have become `11,056 `13,800 `15,614

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become `11,004 `13,647 `15,382

`10,000, if invested CRISIL 1 year T-Bill, would have become `10,662 `12,509 `14,119

^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period. The Scheme has been in existence for less than 5 years.

28th April, 2017



Funds Managed by Ms. Hetal Shah



Baroda Pioneer Income Fund (in %)^ 8.79 9.72 8.50 6.38

CRISIL Composite Bond Fund Index (Scheme Benchmark) (in %) 10.07 10.93 9.28 7.10

CRISIL 10 Year Gilt Index (Standard Benchmark) (in %)$ 9.64 10.76 8.51 6.79

`10,000, if invested in BPIF, would have become `10,877 `13,206 `15,032 `25,451

`10,000, if invested in CRISIL Composite Bond Fund Index, would have become `11,004 `13,647 `15,583 `28,216



Disclaimers: Nifty Bank Index and Nifty Infra: Baroda Pioneer Large Cap Fund and Baroda Pioneer Banking and Financial Services Fund (“said Schemes”) offered by Baroda Pioneer Mutual Fund are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to Nifty Infra and Nifty Bank Index or particularly in the ability of the Nifty Infra, and Nifty Bank Index to track general stock market performance in India. Please read the full disclaimers in relation to the Nifty Infra and Nifty Bank Index in the Offer Document / Prospectus / Information Statement.

S&P BSE 200: Baroda Pioneer Growth Fund and Baroda Pioneer ELSS’ 96 Fund (“said Schemes”) offered by Baroda Pioneer Mutual Fund are not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to S&P BSE 200 or particularly in the ability of the S&P BSE 200 and to track general stock market performance in India. Please read the full disclaimers in relation to the S&P BSE 200 in the Offer Document / Prospectus / Information Statement.

Nifty 100: Baroda Pioneer Large Cap Fund (“Scheme”) offered by Baroda Pioneer Mutual Fund is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (“IISL”). IISL does not make any representation or warranty, express or implied (including warranties of merchant ability or fitness for particular purpose or use) and disclaims all liability to the owners of the said Schemes or any member of the public regarding the advisability of investing in securities generally or in the said Schemes linked to Nifty100, or particularly in the ability of the Nifty 100, to track general stock market performance in India.

S&P BSE Midcap Index is a product of AIPL, a joint venture among affiliates of S&P Dow Jones Indices LLC (“SPDJI”) and BSE Limited (“BSE”), and has been licensed for use by Baroda Pioneer Asset Management Company Ltd. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); BSE® is registered trademarks of BSE Limited; Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by AIPL and sublicensed for certain purposes by Baroda Pioneer Asset Management Company Ltd. Baroda Pioneer Mid-Cap Fund is not sponsored, endorsed, sold or promoted by SPDJI, BSE, Dow Jones, S&P or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P BSE Midcap Index.

*ICRA Credit Ratings: The rating indicates highest-credit quality rating assigned by ICRA Ltd. to debt funds. Schemes with this rating are considered to have very strong degree of safety regarding timely receipt of payments from the investments that they have made. This rating should however not be construed as an indication of the performance of the Mutual Fund scheme or of volatility in its returns. The rating should not be treated as a recommendation to buy, sell or hold the units issued by the Mutual Fund.

22



Baroda Pioneer Gilt Fund (in %)^ 8.70 10.39 9.03 6.47

I-Sec Mi-BEX (Scheme Benchmark) (in %) 9.35 10.82 9.75 7.82

CRISIL 10 Year Gilt Index (Standard Benchmark)$ 9.64 10.76 8.51 6.79

`10,000, if invested in BPGF, would have become `10,867 `13,448 `15,402 `25,778

`10,000, if invested in I-Sec Mi-BEX, would have become `10,932 `13,607 `15,918 `31,213


^Past performance may or may not be sustained in the future.Data is for for Plan A - Growth Option. Plan A and Plan B (Direct) have different expense structures. The last working day of April has been considered in all cases. Returns are Compounded Annualised and are calculated on the basis of `10 invested at inception. $Standard benchmark as prescribed by SEBI for comparison purposes. Returns on `10,000 are point-to-point returns for the specific time period, invested at the start of the period.

28th April, 2017


SIP Returns

23

Baroda Pioneer Growth Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,40,000 12,00,000 16,40,000

Total Value as on Apr 28, 2017 (Rs) 1,37,286 4,43,067 9,07,086 13,58,795 22,67,991 46,82,767

Returns (%) 28.30 14.04 16.60 13.53 12.25 14.25

Total Values of S&P BSE 200* (Rs) 1,33,934 4,28,795 8,50,819 12,89,032 21,39,266 40,67,860

S&P BSE 200* Returns (%) 22.64 11.76 13.99 12.05 11.15 12.42

Total Value of Nifty 50 (Rs) 1,31,152 4,10,437 7,97,650 12,10,399 19,98,211 38,22,019

Nifty 50 Returns (%) 18.01 8.75 11.37 10.28 9.86 11.60

Baroda Pioneer ELSS’ 96 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception


Total Value as on Apr 28, 2017 (Rs) 1,37,876 4,42,094 9,08,791 13,78,248 22,50,361 1,36,78,008

Returns (%) 29.30 13.88 16.68 13.93 12.10 14.10

Total Values of S&P BSE 200* (Rs) 1,33,934 4,28,795 8,50,819 12,89,032 21,39,266 1,34,82,506

S&P BSE 200* Returns (%) 22.64 11.76 13.99 12.05 11.15 13.99

Total Value of Nifty 50 (Rs) 1,31,152 4,10,437 7,97,650 12,10,399 19,98,211 1,13,08,268

Nifty 50 Returns (%) 18.01 8.75 11.37 10.28 9.86 12.63

Baroda Pioneer Mid-Cap Fund 1 Year 3 Years 5 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 7,90,000

Total Value as on Apr 28, 2017 (Rs) 1,42,003 4,07,556 7,35,763 9,42,139

Returns (%) 36.38 8.27 8.12 5.29

Total Values of S&P BSE MidCap^^ (Rs) 1,40,483 4,90,657 10,55,180 14,76,516

S&P BSE MidCap^^ Returns (%) 33.76 21.30 22.84 18.79

Total Value of Nifty 50 (Rs) 1,31,152 4,10,437 7,97,650 11,21,975

Nifty 50 Returns (%) 18.01 8.75 11.37 10.53

Baroda Pioneer Large CapFund

1 Year 3 Years 5 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 6,00,000 8,30,000

Total Value as on Apr 28, 2017 (Rs) 1,34,552 4,21,281 8,56,335 11,96,119

Returns (%) 23.68 10.54 14.25 10.42

Total Values of Nifty 100^^ (Rs) 1,32,732 4,21,248 8,30,264 12,45,187

Nifty 100^^ Returns (%) 20.64 10.53 13.00 11.56

Total Value of Nifty 50 (Rs) 1,31,152 4,10,437 7,97,650 11,91,365

Nifty 50 Returns (%) 18.01 8.75 11.37 10.31

Baroda Pioneer Banking andFinancial Services Fund

1 Year 3 Years Since Inception

Total Amount Invested (Rs) 1,20,000 3,60,000 5,90,000

Total Value as on Apr 28, 2017 (Rs) 1,44,394 4,72,080 9,18,578

Returns (%) 40.53 18.52 18.14

Total Values of Nifty Bank Index (Rs) 1,41,787 4,60,547 9,23,742

Nifty Bank Index Returns (%) 36.01 16.76 18.38

Total Value of Nifty 50 (Rs) 1,31,152 4,10,437 7,78,754

Nifty 50 Returns (%) 18.01 8.75 11.28

Baroda Pioneer Balance Fund 1 Year 3 Years 5 Years 7 Years 10 Years Since Inception



Returns (%) 24.17 13.21 14.50 12.55 10.81 10.73

Total Values of CRISIL Balanced Fund – Aggressive Index (Rs)

1,28,865 4,13,767 7,90,597 12,06,433 19,90,541 35,38,213

CRISIL Balanced Fund – Aggressive Index Returns (%)

14.24 9.30 11.01 10.19 9.79 10.59

Total Value of Nifty 50 (Rs) 1,31,152 4,10,437 7,97,650 12,10,399 19,98,211 38,22,224

Nifty 50 Returns (%) 18.01 8.75 11.37 10.28 9.86 11.60

Baroda Pioneer Monthly Income Plan (MIP) Fund*

1 Year 3 Years 5 Years 7 Years 10 Years Since Inception



Returns (%) 7.75 8.00 9.03 8.63 7.57 6.90

Total Values of CRISIL MIP Blended Index (Rs)

1,25,502 4,16,311 7,72,665 11,81,055 19,09,760 27,16,580

CRISIL MIP Blended Index Returns 8.77 9.73 10.09 9.60 9.00 8.75

Total Value of CRISIL 10 Year Gilt Index Returns (%) (Rs)

1,23,539 4,14,845 7,48,516 11,24,055 17,59,680 24,36,463

CRISIL 10 Year Gilt Index Returns (%) 5.62 9.49 8.81 8.21 7.44 7.16

* Monthly income is not assured and is subject to the availability of distributable surplus.^Past performance may or may not be sustained in the future.For SIP calculations above, the data assumes the investment of ` 10000/- on 1st day of every month or the subsequent working day. Load & Taxes are not considered for computation of returns. Performance for dividend option would assume reinvestment of tax free dividends declared at the then prevailing NAV.CAGR returns are computed after accounting for the cash flow by using XIRR method (investment internal rate of return). Where Benchmark returns are not available, they have not been shown.

* with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.

* with effect from 2nd May 2016 the benchmark has been changed to S&P BSE 200.

^^Scheme benchmark has been changed to Nifty 100 effective October 3, 2016.

^^Scheme benchmark has been changed to S&P BSE Mid-cap index effective October 3, 2016.

28th April, 2017


Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)

Baroda Pioneer Growth Fund - Plan A - Dividend23-Mar-17 35.86 2.50

24-Jun-16 33.72 2.80

24-Jul-15 39.49 3.50

Baroda Pioneer Growth Fund - Plan B - Direct - Dividend23-Mar-17 35.33 2.50

24-Jun-16 33.05 2.80

24-Jul-15 38.61 3.50

Baroda Pioneer ELSS 96 - Plan A - Dividend23-Mar-17 32.07 2.50

23-Mar-16 28.50 2.50

23-Feb-15 32.32 2.25

Baroda Pioneer ELSS 96 - Plan B - Direct - Dividend23-Mar-17 36.88 2.50

23-Feb-15 33.19 2.25

14-Mar-14 23.15 2.00

Baroda Pioneer Large Cap Fund - Plan A - Dividend09-Jan-15 10.38 0.90

Baroda Pioneer Large Cap Fund - Plan B - Direct - Dividend09-Jan-15 10.54 0.90

Baroda Pioneer Banking and Financial Services Fund - Plan A - Dividend23-Mar-17 17.44 1.50

Baroda Pioneer Banking and Financial Services Fund - Plan B - Direct - Dividend23-Mar-17 18.04 1.50

Baroda Pioneer Balance Fund - Plan A - Dividend23-Mar-17 17.82 0.40

30-Dec-16 16.58 0.50

30-Sep-16 18.18 0.50

Baroda Pioneer Balance Fund - Plan B - Direct - Dividend23-Mar-17 19.14 0.40

30-Dec-16 17.69 0.50

30-Sep-16 19.29 0.50

Baroda Pioneer MIP Fund - Plan A - Monthly Dividend*28-Apr-17 13.61 0.05

31-Mar-17 13.58 0.05

23-Feb-17 13.37 0.05

Baroda Pioneer MIP Fund - Plan B - Direct - Monthly Dividend*28-Apr-17 13.88 0.05

31-Mar-17 13.84 0.05

23-Feb-17 13.62 0.05

Baroda Pioneer MIP Fund - Plan A - Quarterly Dividend*23-Mar-17 13.29 0.14

30-Sep-16 13.34 0.14

24-Jun-16 12.97 0.14

Baroda Pioneer MIP Fund - Plan B - Direct - Quarterly Dividend*23-Mar-17 13.58 0.14

30-Sep-16 13.57 0.14

24-Jun-16 13.17 0.14

Baroda Pioneer Credit Opportunities Fund - - Plan A - Quarterly Dividend23-Mar-17 10.8996 0.15

30-Sep-16 10.8077 0.15

24-Jun-16 10.6109 0.15

Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Quarterly Dividend23-Mar-17 11.1790 0.15

30-Sep-16 11.0326 0.15

24-Jun-16 10.7891 0.15

Baroda Pioneer Credit Opportunities Fund - - Plan A - Monthly Dividend28-Apr-17 11.2531 0.05

31-Mar-17 10.9085 0.05

23-Feb-17 10.7885 0.05

Baroda Pioneer Credit Opportunities Fund - Plan B - Direct - Monthly Dividend28-Apr-17 11.2531 0.05

31-Mar-17 11.2441 0.05

23-Feb-17 11.1045 0.05

Record Date Ex-Dividend NAV (Rs) Per Unit$ (Rs)

Baroda Pioneer Dynamic Bond Fund - Plan A - Dividend27-Jun-16 12.1528 0.29

23-Mar-16 12.5843 0.51

25-Jun-13 10.0000 0.30

Baroda Pioneer Dynamic Bond Fund - Plan B - Direct - Dividend27-Jun-16 12.5981 0.29

23-Mar-16 13.0024 0.51

25-Jun-13 10.0000 0.31

Baroda Pioneer Gilt Fund - Plan A - Dividend24-Jun-16 19.49 0.87

23-Mar-16 20.31 0.87

21-Mar-14 16.42 1.95

Baroda Pioneer Gilt Fund - Plan B - Direct - Dividend21-Mar-14 16.55 1.95

Baroda Pioneer Liquid Fund - Plan A - Dividend04-Mar-05 1016.27 35.00

06-Jan-04 1004.32 95.00

13-May-02 1002.43 7.50

Baroda Pioneer Short Term Bond Fund - Plan A - Monthly Dividend28-Apr-17 10.13 0.06

31-Mar-17 10.14 0.06

23-Feb-17 10.06 0.04

Baroda Pioneer Short Term Bond Fund - Plan B - Direct - Monthly Dividend28-Apr-17 10.12 0.06

31-Mar-17 10.13 0.06

23-Feb-17 10.04 0.05

Baroda Pioneer Treasury Advantage Fund Reg - Monthly Dividend28-Apr-17 1012.42 6.13

31-Mar-17 1012.31 4.17

23-Feb-17 1003.83 4.02

Baroda Pioneer Treasury Advantage Fund - Plan A - Monthly Dividend31-Mar-17 1012.31 4.17

23-Feb-17 1003.83 4.02

27-Jan-17 1003.61 4.95

Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Monthly Dividend28-Apr-17 1012.67 6.30

31-Mar-17 1012.61 4.38

23-Feb-17 1003.85 4.18

Baroda Pioneer Treasury Advantage Fund Reg - Quarterly Dividend27-Jun-14 1006.66 23.38

21-Mar-14 1011.22 7.79

24-Jun-16 1036.72 14.45

Baroda Pioneer Treasury Advantage Fund - Plan A - Quarterly Dividend23-Mar-17 1041.25 12.28

30-Sep-16 1041.77 14.45

24-Jun-16 1035.24 14.45

Baroda Pioneer Treasury Advantage Fund - Plan B - Direct - Quarterly Dividend23-Mar-17 1046.20 12.28

30-Sep-16 1044.62 14.45

24-Jun-16 1036.72 14.45

Baroda Pioneer Income Fund - Plan A - Dividend24-Jun-16 22.13 1.01

23-Mar-16 23.14 1.01

Baroda Pioneer Income Fund - Plan B - Direct - Dividend24-Jun-16 22.16 1.01

23-Mar-16 23.15 1.01

Dividend History

24

$ Face value is Rs. 10/- in all schemes other than Baroda Pioneer Liquid Fund and Baroda Pioneer Treasury Advantage Fund where the face value is Rs. 1,000/- per unit.

* Monthly income is not assured and is subject to the availability of distributable surplus.# Pursuant to payment of dividend, the NAVs of the schemes would fall to the extent of payout and statutory levy (if applicable).

28th April, 2017

BARODA PIONEER MUTUAL FUND25

karvy Computershare Private LimitedAddress and Contact detailsMFS Branches

• Bangalore [email protected] 080-26600785 • Belgaum [email protected] 0831 2402544 • Bellary [email protected] 08392 – 254750 • Davangere [email protected] 0819-2258714 • Dharwad [email protected] 0836- 2744207• Gulbarga [email protected] 0847-2310040 • Hassan [email protected] 08172 262065 • Hubli [email protected] 0836-2252444 • Mangalore [email protected] 0824-2496289 • Margoa [email protected] 0832-2731823 • Mysore [email protected] 0821-2438006 • Panjim [email protected] 0832-2426873 • Shimoga [email protected] 08182-228799 • Ahmedabad [email protected] 079-65445550 • Anand [email protected] 9662020623 • Ankleshwar [email protected] 02646 645326 • Baroda [email protected] 0265-6640870 • Bharuch [email protected] 02642-225022 • Bhavnagar [email protected] 278-3003149 • Gandhidham [email protected] 02836 651296 • Gandhinagar [email protected] 079-23244955 • Jamnagar [email protected] 0288-2558887 • Junagadh [email protected] 0285-2652220 • Mehsana [email protected] 02762-242950 • Nadiad [email protected] 0268-2563245 • Navsari [email protected] 02637-280367 • Rajkot [email protected] 2816545888 • Surat [email protected] 0261-3042170 • Valsad [email protected] 02632-258481 • Vapi [email protected] 9228012909 • Chennai [email protected] 044-42028512 • Alleppy [email protected] 0477 2263055 • Calicut [email protected] 0495-4022480 • Cochin [email protected] 0484 3000232 • Kannur [email protected] 0497-2764190 • Kollam [email protected] 0474-2747055 • Kottayam [email protected] 0481-2300868 • Malappuram [email protected] 0483-2731480 • Palghat [email protected] 491 6061110 • Thodupuzha [email protected] 0486-2211209 • Tiruvalla [email protected] 0469-3205676 • Trichur [email protected] 0487-3246231 • Trivandrum [email protected] 0471-2725728 • Coimbatore [email protected] 0422 - 4388011 • Dindigul [email protected] 0451- 6451043 • Erode [email protected] 0424-4021212 • Karaikudi [email protected] 04565-237192 • Karur [email protected] 04324-241755 • Madurai [email protected] 0452-2605856 • Nagerkoil [email protected] 04652 - 233552 • Namakkal [email protected] 04286- 23480 • Pollachi [email protected] 04259- 235111 • Pondicherry [email protected] 0413 2220640 • Pudukottai [email protected] 04322 - 220050 • Rajapalayam [email protected] 04563 - 232952 • Salem [email protected] 0427-4020300 • Sivakasi [email protected] 04562 228816 • Thanjavur [email protected] 04362-275415 • Tirunelveli [email protected] 0462 2335137 • Tirupur [email protected] 0421-2214221 • Trichy [email protected] 0431-4020227 • Tuticorin [email protected] 0461-2334603 • Vellore [email protected] 0416 2215007 • Agartala [email protected] 0381-2317519 • Guwahati [email protected] 8811036746 • Shillong [email protected] 0364 2506106 • Silchar [email protected] 03842 261714 • Ananthapur [email protected] 08554-244449 • Eluru [email protected] 08812-227851 • Guntur [email protected] 0863-2339094 •Hyderabad [email protected] 040-44677075/ 44677076/44677077/44677348 • Karimnagar [email protected] 0878-2261779 • Kurnool [email protected] 08158-228550 • Nanded [email protected] 02462-237885 • Nellore [email protected] 0861-2349940 • Nizamabad [email protected] 08462-224366 • Proddatur [email protected] 08564 - 242898 • Rajahmundry [email protected] 0883-2434468 • Solapur [email protected] 0217-2300021 • Srikakulam [email protected] 08942-225384 • Tirupathi [email protected] 0877-6544567 • Vijayanagaram [email protected] 08922-236962 • Vijayawada [email protected] 0866-2475126 • Visakhapatnam [email protected] 0891-2714125 • Warangal [email protected] 0870-2501664 • Akola [email protected] 0724-2451874 • Amaravathi [email protected] 0721-3291081 • Aurangabad [email protected] 0240-2343414 • Betul [email protected] 07141 - 231301 • Bhopal [email protected] 0755-4092712 • Chandrapur [email protected] 07172-270262 • Dewas [email protected] 07272-426010 • Dhule [email protected] 02562-282823 • Indore [email protected] 0731-4266828 • Jabalpur [email protected] 0761-3204376 • Jalgaon [email protected] 0257-2226761 • Nagpur [email protected] 0712-2533040 • Nasik nasikmfs@karvy.

28th April, 2017


com 0253-6611395 • Ratlam [email protected] 07412-402007 • Sagar [email protected] 07582-402404 • Ujjain [email protected] 0734-4250007 • Asansol [email protected] 0341-3266507 • Balasore [email protected] 06782-260503 • Bankura [email protected] 03242-255964 • Barhampore (Wb) [email protected] 03482 274494 • Berhampur (Or) [email protected] 0680-2228106 • Bhilai [email protected] 0788-2295999 • Bhubaneswar [email protected] 0674-6534585 • Bilaspur [email protected] 07752-408436• Bokaro [email protected] 9204061959 • Burdwan [email protected] 0342-2665140 • Chinsura [email protected] 033-26810164 • Cuttack [email protected] 0-9238102118 • Dhanbad [email protected] 0326-6452027, 0326- 2301045 • Durgapur [email protected] 0343-6512111 • Gaya [email protected] 0631-2220065 • Jalpaiguri [email protected] 03561-222136 • Jamshedpur [email protected] 0657-6655000 • Kharagpur [email protected] 03222-253380 • Kolkata [email protected] ; [email protected] 033-40611135/ 36; 033-24659263/9267, 24635432, 24669450, 24196462 • Malda [email protected] 03512-223763 • Patna [email protected] 0612-6453098 • Raipur [email protected] 0771-4052620 • Ranchi [email protected] 0651-2331320 • Rourkela [email protected] 0661-2500005 • Sambalpur [email protected] 0663-2522105 • Siliguri [email protected] 0353-2526393, 0353-2522579 • Agra [email protected] 9369918603 • Aligarh [email protected] 9369918604 • Allahabad [email protected] 9369918605 • Ambala [email protected] 9315017301 • Azamgarh [email protected] 9307910001 • Bareilly [email protected] 9369918607 • Begusarai [email protected] 9308793949 • Bhagalpur [email protected] 9386256100 • Darbhanga [email protected] 06272-220145 • Dehradun [email protected] 9369918608 • Deoria [email protected] 7499496134 • Faridabad [email protected] 9310448851 • Ghaziabad [email protected] 9310448804 • Ghazipur [email protected] 7499496131 •Gonda [email protected] 7499496127 • Gorakhpur [email protected] 9369918610 • Gurgaon [email protected] 9310448806 • Gwalior [email protected] 9300004262 • Haldwani [email protected] 9369918611 • Haridwar [email protected] 9369918612 • Hissar [email protected] 9315017303 • Jaunpur [email protected] 9369918613 • Jhansi [email protected] 9369918614 • Kanpur [email protected] 9369918615/6 • Korba [email protected] 9300155683 • Lucknow [email protected] 9369918600 • Mandi [email protected] 9318873501• Mathura [email protected] 9369918618 • Meerut [email protected] 9369918619 •Mirzapur [email protected] 7499496133 • Moradabad [email protected] 9369918620 •Morena [email protected] 7489361265 • [email protected] 9386256101 •Noida [email protected] 9310448805 • Panipat [email protected] 9315017304 • Renukoot [email protected] 7499495854 • Rewa [email protected] 7489755878 • Rohtak [email protected] 9315017305 • Roorkee [email protected] 9369918621 • Saharanpur [email protected] 9369918622 • Satna [email protected] 9300004263 • Shaktinagar [email protected] 7499496129 • Shimla [email protected] 9318644501 • Shivpuri [email protected] 9303028921 • Sitapur [email protected] 9369918623 • Solan [email protected] 9318991871 • Sonepat [email protected] 9315457164 • Sultanpur [email protected] 9369918624 • Varanasi [email protected] 9369918626 • Yamuna Nagar [email protected] 9315017306 • Kolhapur [email protected] 0231 2653656 • Mumbai [email protected] 022-66235353 • Pune [email protected] 020-25533795 • Ajmer [email protected] 0145-5120725 • Alwar [email protected] 0144-3291200 • Amritsar [email protected] 0183-5053802 •Bhatinda [email protected] 0164-5006725 • Bhilwara [email protected] 01482-246362 •Bikaner [email protected] 0151-2200014 •Chandigarh [email protected] 0172-5101342 •Ferozpur [email protected] 01632-241814 •Hoshiarpur [email protected] 01882-500143 •Jaipur [email protected] 0141-4167714 • Jalandhar [email protected] 0181-5094410 • Jammu [email protected] 0191-2458820 • Jodhpur [email protected] 0291-6454590 • Karnal [email protected] 0184-2252524 •Kota [email protected] 0744-5100964 • Ludhiana [email protected] 0161-4648747 • Moga [email protected] 01636-230792 • New Delhi [email protected] 011-43681700 • Pathankot [email protected] 0186-5080188 • Patiala [email protected] 0175-5004349 • Sikar [email protected] 01572-250398 • Sri Ganganagar [email protected] 0154-2470177 • Udaipur [email protected] 0294-2429370 • Chembur 022-662215536 • Vashi 022-27802684 • Borivali 022- 28916319

26

28th April, 2017


Contact Points:Toll Free Number: 1-800-267 0189 | Email: [email protected] | Website:www.barodapioneer.inRegistered OfficeBaroda Pioneer Asset Management Company Ltd.CIN : U65991MH1992PLC069414501 Titanium, 5th Floor, Western Express Highway, Goregaon (E), Mumbai - 400063.Phone: +91 22 3074 1000 / 4219 7999. Fax: +91 22 3074 1001.Branch OfficeBaroda Pioneer Asset Management Company Ltd.Flat No. 103 & 104, First Floor,Prakash Deep Building, 7 Tolstoy Marg, New Delhi - 110001. Phone: 011-43514662Branch OfficeBaroda Pioneer Asset Management Company Ltd. HP Complex, Flat No.12, 3rd Floor, Door No. 124/1,2&3 New No. 14, G N Chetty Road,T.Nagar, Chennai - 600017 Phone: 044 - 2834 3530, Fax: 044 - 2834 3539Mutual fund investments are subject to market risks,read all scheme related documents carefully.

• Thane 022 25428475 • Agartala [email protected] 0381-2317519 • Amaravathi [email protected] 0721-3291081 • Anand [email protected] 9662020623 • Bangalore [email protected] 080-26600785 • Berhampur (Or) [email protected] 0680-2228106 • Bhavnagar [email protected] 0278-3004116 • Bhubaneswar [email protected] 0674-6534585 • Chandigarh [email protected] 0172-5042279 • Dhule [email protected] 02562-282823 • Ferozepur [email protected] 01632-241814 • Gwalior [email protected] 9300004262 • Hubli [email protected] 0836-2252444 • Hyderabad [email protected] 040-44677075/ 44677076/44677077/44677348 • Indore [email protected] 0731-4266828 • Jalgaon [email protected] 0257-2226761 • Jalpaiguri [email protected] 03561-222136 • Jamshedpur [email protected] 0657-6655000 • Kollam [email protected] 0474-2747055 • Mirzapur [email protected] 7499496133 • Moga [email protected] 01636-230792 • Nellore [email protected] 0861-2349940 • Noida [email protected] 9310448805 • Panipat [email protected] 9315017304 • F C Road, Pune [email protected] 020-25533795 • Rajapalayam [email protected] 04563 - 232952 • Shimoga [email protected] 08182-228799 • Solapur [email protected] 0217-2300021 • Tirupathi [email protected] 0877-6544567 • Visakhapatnam [email protected] 0891-2714125

invest now in · baroda pioneer balance fund an open ended balanced scheme invest now in *...

Documents